1st Source Corporation (NASDAQ: SRCE), along with Chairman and CEO Christopher J. Murphy III, announced that the Board of Directors has promoted Brian Duba to General Counsel and Secretary of 1st Source Corporation and 1st Source Bank. Mr. Duba will retain his officer status as Senior Vice President. He will now be responsible for managing all legal affairs of the company, maintaining positive and open relationships with federal and state regulatory agencies, and providing legal advice and guidance to the senior management team.
Duba has served 1st Source as Deputy General Counsel since September of 2024. He graduated from the University of Kentucky with a B.S. in accounting and subsequently earned his J.D. from the University of Kentucky College of Law. He joined 1st Source from a large financial institution, bringing broad legal experience in banking, industrial production, real estate, and private practice as a corporate attorney. He has served clients on a wide range of corporate governance, securities, transactional, real estate, and compliance issues.
“Brian has distinguished himself since joining the bank last fall,” said Chris Murphy, Chairman and Chief Executive Officer of 1st Source Corporation and Chairman of 1st Source Bank. “He has served his colleagues well with an urgency in the work he does and a thoughtful and thorough approach to questions and issues. His wide-reaching legal expertise pairs well with his background and experience and he will do an excellent job leading our legal initiatives for the long term.”
His new role will encompass providing legal support for the bank’s personal and commercial deposit, treasury, loan, and lease offerings, as well as retirement plan services and both personal and commercial insurance products and services. Duba will also have responsibilities for corporate governance, securities compliance regulatory affairs, including State and Federal exam management, human resource matters, contracts with vendors and other third parties, litigation management and law enforcement inquiries.
“Brian has been a welcome addition to our legal team, given his wide range of legal experience and commitment to our mission,” said John Griffith, Executive Vice President and Chief Risk Officer of 1st Source Bank and 1st Source Corporation. “I was pleased to recommend Brian’s promotion to our CEO and the Board of Directors and believe that he will do an outstanding job serving our organization with expertise and diligence in the years to come.”
Previously in the role of General Counsel and Secretary, John Griffith will remain at 1st Source Bank and 1st Source Corporation retaining his status of Executive Vice President and Chief Risk Officer. Griffith will focus his time on ensuring the bank’s risk management, infrastructure, governance, and oversight functions will meet the expectations of our bank regulators and our needs in the years ahead. This includes Griffith continuing to have overall executive responsibility for our legal, loan review, compliance, BSA/AML, risk, and Community Reinvestment Act functions.
